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Bought USD vs. EUR and JPY (13-14 Sep)

These trades were closed on the revised stop losses (in some profit for USD/JPY and a small loss for EUR/USD)

Real Time AmpGFX – tightening stops on EUR and JPY  (Thu 9/14/2017 6:05 PM)

Positions

Long one unit AUD/NZD at 1.1079; s/l 1.0973; t/p 1.1272

Long one unit  USD/JPY at 110.07; s/l 110.23; t/p 111.95

Short one unit EUR/USD at 1.1911; s/l 1.1923; t/p 1.1800

Comment

North Korean bluster has knocked back the USD after its rise in higher than expected CPI.

I am raising stops to protect against a ramp up in NK rhetoric that might take over the story near term.

Real Time AmpGFX – Sold EUR/USD (Wed 9/13/2017 9:00 AM MDT)

Sold EUR/USD at 1.1911

The EUR appears to have broken its recent uptrend.

The CFTC data last week had positions at a high net long since 2007.

Eurozone data has been solid, but growing indicators are no longer improving.

German trade data were softer on Friday, perhaps showing impact of a stronger EUR

If the USD strengthens on tax policy coverage there is scope for corrective price action to trigger position covering in the EUR from an excessively bullish sentiment.

Positions

Long one unit AUD/NZD at 1.1079; s/l 1.0973; t/p 1.1272

Long one unit  USD/JPY at 110.07; s/l 109.13; t/p 111.95

Short one unit EUR/USD at 1.1911; s/l 1.2013; t/p 1.1800

Real Time AmpGFX – bought USD/JPY (Wed 9/13/2017 6:39 AM MDT)

Bought one unit of USD/JPY at 110.07

Trump Administration appears to have moved with more purpose onto tax reform and plans to campaign strongly on this in coming weeks, keeping it in the media.  A key point that is likely to feature is incentives for companies to repatriate profits, an element that adds to the potential gains for USD.

US small business confidence reported yesterday was again strong, with a pick up in capital expenditure plans

JOLTS job openings data were strong reported yesterday.

US Treasury yields may be in the process of normalizing after recent falls to lows for the year

A risk remains NK nuclear/missile tests

Positions

Long one unit AUD/NZD at 1.1079; s/l 1.0973; t/p 1.1272

Long one unit  USD/JPY at 110.07; s/l 109.13; t/p 111.95



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Greg Gibbs,
Founder, Analyst and PM
Amplifying Global FX Capital Pty Ltd